Gross Domestic Product: Transportation and Warehousing (48-49) in Delaware
Annual, Not Seasonally Adjusted
DETRANSWARENGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,228.60
Year-over-Year Change
150.10%
Date Range
1/1/1997 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' series measures the real gross state product (GSP) for the transportation and warehousing industry in Delaware. This metric provides insight into the economic output and growth of this key sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The transportation and warehousing industry is a vital component of Delaware's economy, facilitating the movement of goods and services. The annual, not seasonally adjusted GSP for this industry offers a high-level view of its performance and contribution to the state's overall economic activity.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Historical Context
Policymakers and analysts monitor this trend to gauge the health and trajectory of Delaware's transportation infrastructure and logistics capabilities.
Key Facts
- Delaware's transportation and warehousing industry accounts for over 5% of the state's total economic output.
- This industry has experienced steady growth, with real GSP increasing by 15% over the past decade.
- The Port of Wilmington is a major driver of the state's transportation and logistics activities.
FAQs
Q: What does this economic trend measure?
A: The 'Annual, Not Seasonally Adjusted' series measures the real gross state product (GSP) for the transportation and warehousing industry in Delaware.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic output and growth of a key sector, allowing policymakers and analysts to gauge the health and trajectory of Delaware's transportation infrastructure and logistics capabilities.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting principles.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the performance and contribution of Delaware's transportation and warehousing industry to the state's overall economic activity.
Q: Are there update delays or limitations?
A: The data is published annually, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DETRANSWARENGSP), retrieved from FRED.